Prudential Risk

Credit Risk

Bangladesh Bank Orders Banks to Cap Credit Card Interest

By Editors | 26/09/2020

Banks are charging customers between 25 and 27 percent in interest on credit card debt, in violation of regulations, Bangladesh Bank said.

Data Privacy

Thailand: BOT to Revamp Banks’ Reporting Requirements

By Editors | 26/09/2020

The reforms will reduce data processing steps for financial institutions and the costs associated with reporting, while increasing reporting efficiency.

Clearing & Post-Trade

European Commission Grants 18 Months Equivalence to UK CCPs

By Editors | 25/09/2020

The European Commission says the decision will give financial market participants time to reduce their “excessive” exposures to UK-based CCPs.

Credit Risk

India Establishes Netting Certainty for Bilateral OTC Derivatives

By Manesh Samtani | 24/09/2020

Parliament passed a bill providing legal basis for bilateral netting of OTC derivatives contracts which are not centrally cleared.

Emerging Prudential Risks

Too Big to Fail: Markets Abhor a Vacuum

By Jamie Lloyd Evans | 24/09/2020

Some characteristics of the TBTF challenge are specific to Asia, but these may be intractable from ‘winner-takes-all’ capitalism and national interests, writes industry veteran Jamie Lloyd Evans.

KYC & CDD

FMA Blocks CLSA Premium NZ From Offering Derivatives

By Editors | 24/09/2020

The licence conditions will remain in place until CLSA Premium NZ lodges its audit and assurance reports for 2019.

Credit Risk

APRA Offers Guidance on Handling of Deferred Loans

By Editors | 23/09/2020

Banks should immediately inform APRA and ASIC if they experience issues collecting on loans with repayment deferrals.

Market Risk

SEBI Issues Risk Management Rules for Negative Commodity Prices

By Editors | 23/09/2020

Clearing corporations are directed to ensure their systems are ready to implement the alternate risk management framework by 21 November.

Credit Risk

BSP Orders Mandatory 60-Day Moratorium on All Loans

By Sanday Chongo Kabange | 23/09/2020

Lenders are asked to implement a mandatory one-time 60-day grace period for all loans falling due on or before 31 December 2020.